Foreign Markets Pick Up Slack From Storm

10/29/2012 11:15AM

With many New York banks' foreign-exchange desks expected to be thinly staffed Monday as Hurricane Sandy bears down on the city, their colleagues in London and elsewhere are preparing for a larger work-load. Katie Martin reports on Markets Hub.

This transcript has been automatically generated and may not be 100% accurate.

... I ... joining us now skating or from one ... month in office when she knew years really all everything becomes the wall before Exchange ... as New York shut down for Hurricane Sandy ... mines in Canada ... or the market to pick up the slack goal from personnel ... and in trading Katie ... I'll what's that on their among a people ready to ... have a completely free late night tonight ... yet I must mention trade is in London who already for late night of the campaign expected to pay much today to be honest ... it yet federal it is that would've been placed in the market to fool the news of this hurricane we pray for Fellini has since it was going to be ... a miracle does have to be executed some land mass the to end up in places like London in late in the day even in places like ... New Zealand or whatever ... of bought we expect Matthias to be betting the lights we're expecting both Tennessee base keeps this Kaylie credit if this apparent that nothing much to be happening until you guys pick back up and running again ... and today for some pre euro dollar has made in a range of something like ten takes is really nothing ... we've been pretty much ignoring one of the headlines a sale that will weigh continuous this I'm back together before we can we start raking in camp up in him but there is a mean there's the wondrous which is tomorrow afternoon is the Bank of Japan monetary policy statement one of ... in a lot of market watchers are expecting the Bank of Japan to ... unveil some more stimulus measures ... is there potential with a less volume that you could have increased volatility of ... the Bank of Japan disappointing no matter what they do ... from from the center ... yet mean that ... all my Cristo Rey that I mean everyone that meant that a strong suspicion is that the ha with hundreds have some smiling to extend have been priced and says ... if the BOJ disappoints the market so if they if they go up and beyond will people think authority can happen in that respect this and that foreign exchange this thing and to get quite Jackie because what the US to critics who just been taken up the equation ... of this decision all PC that is in use in Asian hours and Acer is molding capable of dealing with any big shift they should happen at the back ... but you know were I mean all the euro fine us traders get to whack ... digest whatever does the BOJ has done and then they go one in place the rent rates when open if I'm not happening twice maybe this time around I would imagine that traders and take a can handle this one ... has a talker and traders trading over expecting more of the same tomorrow to the New York Post like Ruiz shutdown well we haven't done the work from ... the changes yet there's no question of the light volume given ... the eye of the storms come to market ... yet definitely where expecting this BulletShares that haven't had anybody till about what is at this point the much as any caring awful ... difficulty getting to work or anything on Wednesday the you happen to bed that I can put it on their own trading from us to the rest of the week ... um but yes enacting some months and it doesn't yield might be having to send a few crates of beer and it's the friends in London to keep the things to keep all of them and then the NRF demands ... O'Farrell thank you for the four GB internal I'm sure they ... can mostly no idea ... that ... I'm the and then lastly as you go for just be on the Bank of Japan were back in the word ones that there's a prize or anything that on the radar that ... fortunes traders or market persistence in general should keep in mind ... we've always gone negotiations and Greece we've we've gotten five among CIA the victory in last place buying the things that that is in headlines that AnalyzeNow ... analytic if any traction because the markets a quiet Sunday we might find that was the end of the week is a bit of a catch up trade with the love of the news has been flying through the muck Aon's Monday and Tuesday ... Adens cite unit ... what's this place ... well thank you so much Katie and Katie Martin a newsletter from our London office ... we just have more there's breaking news ... from New York Governor Andrew Cuomo ... on Governor Cuomo has announced the state will close for the Holland tunnel ... in the Kewell carry title ... at the tree in Brooklyn and the battery Park in Manhattan at two pm today due to risk of flooding ... we go live now to Governor homeowners press conference ... I mean ... you those with the community you see all signs of Bahrain so ... anyone who's as well they got wrong with ivory ... Iranian threat ... they got rolling the ... point ... of impact ... but the impact was severe ... so they're together ... totally ... do not underestimate ... this storm